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Jesus replied: “ ‘Love the Lord your God with all your heart and with all your soul and with all your mind.’ This is the first and greatest commandment. And the second is like it: ‘Love your neighbor as yourself.’ All the Law and the Prophets hang on these two commandments.” Matthew 22:37-40

16 Jan 2019

STOCK MARKET--Why do we recommend THIRUMALAI CHEMICALS as one of our multibaggers?

Out of Top 500 Shares, THIRUMALAI CHEMICALS is one of the Multibagger Shares, identified by Dynamic research at the end of every month. THIRUMALAI CHEMICALS can be a great investment opportunity which can give you high return. THIRUMALAI CHEMICALS is a well analysed multibagger stock, based on our technical and fundamental research, traded in very high volumes. As observed, these companies multiply their earnings per share every year. These shares have a great potential to grow in the long run.
Dynamic levels research experts provide THIRUMALAI CHEMICALS share price target and share market tips for THIRUMALAI CHEMICALS with the help of our unique research tools. These tips are updated every day, please check this page daily for new tips. Sometimes the entry rate may be very far from the previous day close. Be patient, as entry at these levels will have a strong probability to give you better results.

Recently, the stock price of Thirumalai Chemicals corrected by about 30 per cent from 52-week high of 2,440 despite reporting good set of numbers in the recent quarters.
Thirumalai Chemicals is the second largest player in the domestic Phthalic anhydride (PAN) industry with market share of over 40 per cent after IG Petrochemicals.
Thirumalai Chemicals has lined up PAN capacity expansion of 60,000 MT at Dahej, with first phase to be completed during FY19E. With second largest player in the domestic PAN industry with market share of over 40 per cent, raw material used for manufacturing PAN fell at a sharper rate, increase in domestic PAN demand, capacity expansion to cater growing demand of PAN in India, expanded food ingredients and fine chemicals capacity by 40 per cent and Malaysian subsidiary is likely to report strong earnings, we value Thirumalai Chemicals at 24.20x FY19E EPS of 91.6 to arrive at target price of 2,214, an upside of about 24 per cent.
Key risks: a ) Major product of Thirumalai Chemicals such as PAN and aleic Anhydride are dependent on user industry, any slowdown in user industry will put pressure on profitability of the company. b) As Thirumalai Chemicals imports some part of its raw material, any negative price fluctuation or sourcing problem may impact business growth of the company. c) Any negative fluctuation of rupee against major currency may adversely impact margin of Thirumalai Chemicals.

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